Just before Christmas, Barnes & Noble signed a three-year contract with CFO Allen Lindstrom that puts him in the job through December 2016. Lindstrom, who held a number of executive spots at B&N, was promoted to CFO in July following a number of management changes when William Lynch resigned as CEO.
According to a filing with the SEC, under the new contract, effective December 23, Lindstrom will receive a base salary of $500,000 and is entitled to an annual bonus of at least 75% of his salary. Other perks include 100,000 shares of restricted stock and severance payments based on several different formulas.
